Post-construction value somewhere between $130k - $150k.

Think I should go with that rather than the inspector's suggestion.

Before that I worked in new track home construction as a finish foreman for painting and drywall contractors.I find the stock market stressful and difficult to derive profit from.

Some of it can be outsourced, if you have enough volume to interest the companies that offer 3d party services to handle your lending under their licensesYou can outsource the construction of your compliance management system, but not the running of it, to firms like mine to set up the non lending portion.There are also solutions for low volume operators that are a bit more cumbersome but reasonably inexpensive and easy to operate.

Its been 40+ years since I've been to the west coast, though.How common is concrete construction vs. wood frame?

Welcome, it would be more productive, if more parents started their children out in real estate or construction at early age versus the common theme sports Just my opinion FYI -> I'm guilt of the sports theme also

They have both gone to housing inspector and I have received some violations.

So I have no idea of the state of the wiring, although it is an 80's construction (the house) and the hot tub appears to be wired to code.

Look into a 203k, FHMA HomeStlye, construction loan for home improvement loans.

If the guy out of the company is needed as the construction guy or any needed element for the business, contract the service prior to the loan so that his abilities are considered in the deal without involving him with the lender